The termination of insurance coverage during the policy period Flat cancellation is the cancellation of a policy as of its effective date, without any premium charge
The rescinding of an existing license at the request of the licensee This occurs, for example, if the licensee has ceased operations and turns in its license In the ULS database, the license status code is changed from 'A' (active) to 'C' (cancelled) (Also see Termination ) Note: a license can cancel automatically in the case where a licensee fails to meet its debt obligations to the U S government with respect to an auctioned license
(a) Run-off basis means that the liability of the reinsurer under policies, which became effective under the treaty prior to the cancellation date of such treaty, shall continue until the expiration date of each policy; (b) Cut-off basis means that the liability of the reinsurer under policies, which became effective under the treaty prior to the cancellation date of such treaty, shall cease with respect to losses resulting from accidents taking place on and after said cancellation date Usually the reinsurer will return to the company the unearned premium portfolio, unless the treaty is written on an earned premium basis
The termination of a contract (usually before its normal ending) Usually applied to the termination of a policy before its natural expiration, but may be used to describe the ending of any contract during its natural life
An action, or series of actions, taken by an appro-priately authorized system operator in order (1) to prevent the monitoring facility from sending an RFR to the PSAP, or (2) to ask the monitoring facility to cancel PSAP follow-up if the RFR has already been sent to the PSAP
Also known as Cancel A marking intended to show a stamp has been used and is no longer valid as postage Modern cancels usually include the name of the original mailing location or a nearby sorting facility and the date of mailing Most cancellations also include a section of lines, bars, text or a design that prints upon the postage stamp to invalidate it
Some loan programs provide for cancellation of the loan under certain circumstances For example, if the student becomes a teacher in certain national shortage areas, they may be eligible for cancellation of all or part of the balance of their educational loans
- Termination of an insurance coverage during the policy period by the voluntary act of the insurance company or insured, effected in accordance with provisions in the contract or by mutual agreement
Cancellation is the termination of a policy Non-payment of premium is a common reason for cancellation To qualify for insurance through the FAIR Plan, you must first be rejected, cancelled or non-renewed by a Private Insurer Our application requires you to tell us who your previous insurance company was, and why you were cancelled We are required to collect this information There are three types of cancellation: flat, pro-rata, and short rate
A shortening of the term Phase Cancellation (the energy of one waveform significantly decreasing the energy of another waveform because of phase relationships at or close to 180 degrees)
Cancellation of a loan means that the student is no longer responsible for paying the balance on the loan Cancellation can occur in several ways Sometimes loans can be cancelled or discharged under certain circumstances, such as death or permanent disability of the borrower Sometimes a loan must be cancelled before it is released to the student account This can happen because of a recent eligibility change or because of an over-award (student receives additional grant or scholarship aid)